INTERIM REPORT AND YEAR-END REPORT 2022 RECORD YEAR CLOSED WITH A STRONG QUARTER

Trelleborg Wheel Systems recorded good organic sales growth in all tire categories and most geographies during the
quarter, which was primarily underpinned by solid deliveries to OE manufacturers. In contrast, we noted falling sales to the
aftermarket. Profitability increased as a result of effective cost control and price adjustments to counter rising costs.

Organic sales for the quarter rose by 18 percent year on year,
positively influenced by higher volumes and price adjustments.

EBIT and the EBIT margin increased year on year, primarily
as a result of higher volumes and good capacity to adapt prices
to match increased costs.

Generally
effective cost control and active price adjustments for
customers offset increasing costs during the year.